TECHNICALS:
Reason 1:
- Possible falling wedge forming on the 15/30/60 minute charts
- 2 touches/rejections of upper trendline
- Currently 2 touches however 3rd touch/rejection of lower trendline is occuring as I write this.
Reason 2:
- Bullish RSI divergence 4h/1h/30min/15min charts
Reason 3:
- 3rd touch/rejection of lower trend-line coincides with lower bollinger band limit on 15 minute charts.
FUNDAMENTALS:
- US/China trade war possible escalation, alot of fear surrounding this.
- EU have hit back at the USA with billions in tariffs, set to be launched on Friday 22/06/2018
Appreciate any thoughts, comments. Constructive criticism only please! thanks for reading,
James
Reason 1:
- Possible falling wedge forming on the 15/30/60 minute charts
- 2 touches/rejections of upper trendline
- Currently 2 touches however 3rd touch/rejection of lower trendline is occuring as I write this.
Reason 2:
- Bullish RSI divergence 4h/1h/30min/15min charts
Reason 3:
- 3rd touch/rejection of lower trend-line coincides with lower bollinger band limit on 15 minute charts.
FUNDAMENTALS:
- US/China trade war possible escalation, alot of fear surrounding this.
- EU have hit back at the USA with billions in tariffs, set to be launched on Friday 22/06/2018
Appreciate any thoughts, comments. Constructive criticism only please! thanks for reading,
James
Comment:
price finding support at 1262
Trade active:
Trade open.
-Entry @ 1262.54
-SL @ 1259 (below 1260 support level + psychological whole number)
-Entry @ 1262.54
-SL @ 1259 (below 1260 support level + psychological whole number)
Comment:
Bullish engulfing candlestick just formed, hopefully another move up
Comment:
- Another bullish engulfing candle now seen on 1h chart after close at 12am